The firm achieved record operating revenues for all of its business segments in its 2018 fiscal year.
INTL FCStone, a global provider of financial services, announced its financial results on Monday for the fourth quarter ended September 30, 2018, of its 2018 fiscal year. Taking a look at the results, the firm had a sluggish fourth quarter, but overall, a solid 2018 fiscal year.
Specifically, when taking a look at the company’s whole fiscal year, INTL FCStone managed to achieve record annual operating revenues for all of its business segments, with the annual operating revenue for 2018 coming in at $975.8 million, which is an increase of 24 percent.
For the fourth quarter, however, the results weren’t so peachy, with total revenues at $6.1 billion. When measured against the three months ended September 30, 2017, which had total revenues of $12.4 billion, this is down by 51 percent.
Commenting on the results, Sean O’Connor, the CEO of INTL FCStone Inc., said: “Fiscal 2018, was a record year for us with operating revenues approaching $1.0 billion, up 24% and pre-tax income exceeding $100 million for the first time. Every segment of our business achieved record annual operating revenues.
“We were able to realize operating Leverage by holding our fixed expense growth to 6% while significantly growing both volumes and operating revenues. This strong growth was indicative both of more favorable market conditions as well as market share gains across our platforms.”
INTL FCStone sees drop in FX Prime Brokerage revenues
INTL FCStone operates, what it believes to be one of the largest non-bank prime brokers and swap dealers in the world. Through this business, the firm provides prime brokerage foreign exchange (Forex) to institutions and professional traders.
During the fourth quarter, operating revenues dropped by 23 percent year-on-year due to a decline in volumes. In Q4, the trading volume for the FX prime brokerage was $70.9 billion. When comparing this to the same period in the previous year, which recorded a volume of $133.8 billion, this is down by 47 percent.
When taking a look at the 2018 fiscal year, unfortunately, the grass doesn’t look much greener, with total volumes falling by 35 percent from $620.9 billion in 2017 to $401.1 billion in 2018.
Taking a look at the company’s securities business unit, where INTL FCStone acts as an institutional dealer for fixed income securities, the segment does provide some hope. During the fourth quarter, operating revenues jumped by 31 percent to reach $47.8 million, compared to $36.4 million in the previous year.
INTL FCStone, a global provider of financial services, announced its financial results on Monday for the fourth quarter ended September 30, 2018, of its 2018 fiscal year. Taking a look at the results, the firm had a sluggish fourth quarter, but overall, a solid 2018 fiscal year.
Specifically, when taking a look at the company’s whole fiscal year, INTL FCStone managed to achieve record annual operating revenues for all of its business segments, with the annual operating revenue for 2018 coming in at $975.8 million, which is an increase of 24 percent.
For the fourth quarter, however, the results weren’t so peachy, with total revenues at $6.1 billion. When measured against the three months ended September 30, 2017, which had total revenues of $12.4 billion, this is down by 51 percent.
Commenting on the results, Sean O’Connor, the CEO of INTL FCStone Inc., said: “Fiscal 2018, was a record year for us with operating revenues approaching $1.0 billion, up 24% and pre-tax income exceeding $100 million for the first time. Every segment of our business achieved record annual operating revenues.
“We were able to realize operating Leverage by holding our fixed expense growth to 6% while significantly growing both volumes and operating revenues. This strong growth was indicative both of more favorable market conditions as well as market share gains across our platforms.”
INTL FCStone sees drop in FX Prime Brokerage revenues
INTL FCStone operates, what it believes to be one of the largest non-bank prime brokers and swap dealers in the world. Through this business, the firm provides prime brokerage foreign exchange (Forex) to institutions and professional traders.
During the fourth quarter, operating revenues dropped by 23 percent year-on-year due to a decline in volumes. In Q4, the trading volume for the FX prime brokerage was $70.9 billion. When comparing this to the same period in the previous year, which recorded a volume of $133.8 billion, this is down by 47 percent.
When taking a look at the 2018 fiscal year, unfortunately, the grass doesn’t look much greener, with total volumes falling by 35 percent from $620.9 billion in 2017 to $401.1 billion in 2018.
Taking a look at the company’s securities business unit, where INTL FCStone acts as an institutional dealer for fixed income securities, the segment does provide some hope. During the fourth quarter, operating revenues jumped by 31 percent to reach $47.8 million, compared to $36.4 million in the previous year.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
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#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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